Funds of legal entities in Russian banks in May increased significantly – by 859 billion rubles, or 2.2%, mainly at companies in the oil and gas industry, according to the review of the Central Bank of the Russian Federation “On the development of the banking sector”. The regulator notes that both ruble balances of corporate […]

In today’s trading, the US dollar is strengthening against the euro and the pound sterling, but has moved to a decline in the pairing with the yen after jumping to its highest since 1998 during the session. The market’s focus is on the speech in the US Senate Banking Committee by Federal Reserve (Fed) Chairman […]

International rating agency Fitch Ratings has raised its near-term cost estimates for iron ore, nickel, zinc and coking coal, which it uses in forecasting the operating and financial performance of companies in the industry. This reflects stronger post-pandemic demand and supply disruptions, especially from Russia. “We expect low stockpiles, rising demand amid economic stimulus and […]

Stock indices of the largest countries of the Asia-Pacific region in the course of trading on Wednesday demonstrate negative dynamics. In general, the markets are in a wait-and-see mood before the speech of U.S. Federal Reserve Chairman Jerome Powell in Congress with the traditional semi-annual report on monetary policy, analysts say. Chinese index Shanghai Composite […]

The export duty on wheat from Russia was raised to $142 per ton from $131.6 from June 22, the Agriculture Ministry said. The duty on barley increased to $117.5 from $92.8, on corn – to $86.5 from $84 per ton. These duties will be in effect until June 28. The amount of duties is calculated […]

Oil prices turned to decline on Wednesday after rising at the end of the previous session. The market is waiting for the data of the American Petroleum Institute (API) on inventories in the United States, as well as the speech of the Chairman of the Federal Reserve System (Fed) Jerome Powell in the Senate Banking […]

The Ministry of Finance may take Rb 416bn from Gazprom, and banks asked to return their money stuck in NSD in another currency due to sanctions – these and other important news for Wednesday morning, June 22, in our daily review. The Association of Banks of Russia (ABR) has proposed to the Central Bank options […]

In May this year, consumer prices in the UK jumped by 9.1% compared to the same month last year, according to data from the country’s National Statistical Office (ONS). Thus, inflation accelerated compared to April, when it amounted to 9%, and updated the maximum for more than 40 years. Analysts polled by Bloomberg also on […]

The U.S. market generally rose on Tuesday after the U.S. holiday weekend as investors tried to forget last week’s rout. Fears of an impending recession still linger, but investors ignored that, pushing the technology and other sectors higher earlier in the week. Overall, according to Tom Barkin, head of the FRB Richmond, the Fed supports […]

The U.S. dollar and euro are falling on the “Moscow Exchange”. The dollar fell below 53 rubles for the first time since June 3, 2015, the euro fell almost to 55 rubles for the first time since May 26, 2015. The US dollar exchange rate amounted to 52.92 rubles at 10:28 Moscow time, which is […]

The Federal Antimonopoly Service has developed norms for gas sales on the exchange for Gazprom and independent producers, according to the service’s report. It refers to the National Competition Development Plan, according to which by 2026 at least 10% of natural gas from the total volume of supplies to the domestic market should be sold […]

As of this morning, the number of reported cases of coronavirus infection in the world reached 541 million 374 thousand 90, according to data from the American Johns Hopkins University. Since the virus began spreading, 6 million 324,101 people have died worldwide from the effects of COVID-19 infection. Countries with more than 20 million cases […]

The US dollar is stable against the euro, moderately appreciating against the pound sterling, becoming cheaper against the yen. Yesterday the dollar fell by 0.3% against the euro and yen after the speech of the Chairman of the Federal Reserve System (FRS) Jerome Powell in the Senate Banking Committee, but in the future may resume […]

The Russian government has submitted a bill to the State Duma on the creation of a Russian app store to be pre-installed on gadgets sold in Russia. “The bill proposes to provide for the creation of a Russian app store which will be mandatorily pre-installed on technical devices. At the same time, such an app […]

The broker Finam temporarily inaccessible operations with foreign currencies – it is impossible to enter and withdraw dollars and euros, RBC reports. “For technical reasons related to infrastructural limitations, some operations with foreign currencies – US dollars and euros – are temporarily unavailable to Finam clients. In particular, in these currencies it is still impossible […]

Russian President Vladimir Putin has signed a decree that establishes a new temporary procedure for payments on foreign currency debt (Eurobonds). Under Putin’s decree, Russia will be able to pay foreign currency debt in rubles, RBC reported. “In order for the Russian Federation to fulfill its government debt obligations expressed in government securities, the nominal […]

The global market rally has run into a familiar pattern of new sell-offs amid recession fears. Fed chief Jerome Powell will head to Capitol Hill for two days of speeches. U.S. President Joe Biden is expected to call for the repeal of the federal gasoline tax. Also, UK inflation hits a new high and the […]

Polymetal (MCX:POLY) reaffirmed its 2022 production guidance of 1.7 million gold equivalent ounces, the company said in a statement. “Due to COVID-related restrictions in the PRC, as well as the impact of sanctions, significant sales logistics challenges remain, resulting in slower inventory turnover and higher selling costs. The Group expects the sales backlog to lag […]